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HomeMy WebLinkAboutLegislation SR/FRCity of'Miami Legi iati©n drdli yance City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 07-01096 Final Action Date: AN ORDINANCE OF THE MIAMI CITY COMMISSION WITH ATTACHMENT(S), RELATED TO TAXATION, DEFINING AND DESIGNATING THE TERRITORIAL LIMITS OF THE DOWNTOWN DEVELOPMENT DISTRICT OF THE CITY OF MIAMI, FLORIDA; FIXING THE MILLAGE AND LEVYING TAXES IN SAID DOWNTOWN DEVELOPMENT DISTRICT FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2008, AT FIVE -TENTHS (.5) MILLS ON THE DOLLAR OF NONEXEMPT ASSESSED VALUE OF ALL REAL AND PERSONAL PROPERTY IN SAID? DISTRICT; PROVIDING THAT SAID MILLAGE AND THE LEVYING OF TAXES WITHIN THE TERRITORIAL LIMITS OF THE CITY OF MIAMI ("CITY") AS REFLECTED IN THE CITY'S MILLAGE LEVY ORDINANCE FOR THE AFORESAID FISCAL YEAR WHICH IS REQUIRED BY C;TY CHARTER SECTION 27; PROVIIDING THAT THE FIXING OF THE MILLAGE AND THE LEVYING OF TAXES HEREIN SHALL BE IN ADDITION TO SPECIAL •• ASSESSMENTS: PROVIDING THAT THIS ORDINANCE SHALL NOT BE DEEMED AS REPEALING OR AMENDING ANY'CTHER ORDINANCE FIXING MILLAGE OR LEVYING TAXES. BUT SHALL BE DEEMED SUPPLEMENTAL AND IN ADDITION THERETO; CONTAINING A REPEALER PROVISION, SEVERABILITY CLAUSE AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Tax Assessor of Miami Dade County, Florida, a political subdivision of the State of Florida, has determined the nonexempt aggregate valuation of taxable property, real and personal, in the Downtown Development District: of the City of Miami ("City") to be $ 9,433,190,318;. NOW, T-JEREFCRE, BE IT ORDAINED BY -: HE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Sect:on 1. The r eita,'s and finciir gs contained in the Preamble to this Ordinance are adopted by reference and incorporated as fully set 'orth in this Section. Section 2. For the purpose of this Ordinahce, the "Downtown Development District" is defined as that area within the territorial limits o:' the City as it now exists; with the boundaries thereof being designated in Ordinance No. 12307, adopted December 12, 2032, and more specifically described in Exhibit "A," attached and incoporatec. Section 3. The sha:l be and :e ✓iea upon the n nexerept assessed value of all property, real and personal, in the Dc',, ntown Deveopment District as described in Section 2 hereof, taxes at a rate shown below for tI-e l=is: a Year becinning October le 2007 and ending September 30, 2008 for the following purpose: A tax of Five -tents (.5) milts on the dollar for the purpose of financing the operation of the Dow. htc.e.en ._. e\ire I,_;pm�r;t ("DDA") .iY the Dity. City ? Printed On: 8/27/2007 File Number: 07-01096 Section 4. This proposed rniilage rate here:;r. adopted by the governing body exceeds the rolled back rate by 13.73 %. This rate is deiermired by calculating the percentage increase between the Fiscal year 2007 rciied back revenue and the Fisca! Year 2007 estimated revenue for the DDA. Section 5. The fixi:ig of the millage and levying of taxes in this Ordinance shall be in addition to the fixing -of the millage and levying of taxes within the: territorial limits of the City of Miami as reflected in the millage-levy Ordinance for the a`oresaid fiscal year which is required by Section 27 of the City Charter. Section 6. The fixing of the millage and levying of taxes in the Downtown Development District, as provided by this Ordinance, shall be in addition to the special assessments for improvements iniposed by the City Commission within the territorial limits of the City. Section 7. This Ordinance shall not repeal or amend any other ordinance fixing millage or levying taxes for the Fiscal Year beginning October 1, 2007 and ending September 30, 2008 but shall be deemed supplemental and in addition thereto. Section 8. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this Ordinance are repealed. Section 9. if any section, part of this section, paragraph, clause, phrase or word of this Ordinance is declared invalid, the remaining orovisions of this Ordinance shall not be affected. Section 10. This, Ordinance shall become effective thirty (30) days after final reading and adoption thereof.{1 } APPROVED AS TO FORM AND CORRECTNESS ' JORe. 4/-k CITY T T �FY Footnotes: {1} This Ordinance shai'i become effective as specified herein unless vetoed by the Mayor within ten days from the date is was passed and adopt&.d. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission or upon the effective date stated herein, whichever is later. City Of anti PO 2 of 2 Primed On: 8/27/2007